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Joined: May 2000
Posts: 1,036
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: May 2000
Posts: 1,036 |
Originally posted by Derk2000:
I'm with Pakrat and Demon on this one:
Kalifornia is just rediculous. If I graduate and make the average salary that a PA makes (i.e. 65K a year) I'd STILL have a hard time buying a house in CA. That just sucks. 
But, you gotta love the weather and the land. It sure is a beautiful state...too bad about the concrete sprawl, though.
P.S. My brother goes to school at UCSD and lives in school-subsidized housing. He's paying ~600 a month for rent, and that's a STEAL!
Edit: Oops, almost forgot! Congrats on the new house!  
Congrats! I live here in Upland, and my (then new) four old home was just a little over 400,xxx. But my home is almost 3200 sq. ft., on a 12,000 sq.ft. lot with a view of Mt. Baldy. Pricing is really outrageous now!
California is really crowded now, and I have to take side streets to get to work, which is about 20 miles away. Even with the freeway expansions, it's still a pain to drive into LA.
Derk, as for your concern about wages for PA's, I'm an RN, and so is my wife. Keep in mind that the 65K/year is a national average, so the PA's here are making more (I know several), than in other areas. One PA that I work with lives in Seal Beach, and any beach area property is really expensive, such as SD.
dion
98 SVT, 200 whp/190 lb. ft tq (tuned by ADC), 3.0, P&P heads w/2.5L valves, optimized TB, MSDS, SCA 2.5" catback, SHOshop UIM/LIM, underdrive pulley set, TD's, Koni/H&R, BAER/TCE, Progress, CF1 products
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Joined: Mar 2002
Posts: 1,325
Hard-core CEG\'er
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OP
Hard-core CEG\'er
Joined: Mar 2002
Posts: 1,325 |
Originally posted by TheGreatOne:
a similar house here, well it did have a basement but otherwise identical, sold for over 600k. That house im in now was bought for 178k in 1989, and it's probably worth about 500 now.
Originally posted by ScottK:
Well, I just signed the counter offer for a settled on purchase price of 459,000 dollars!!!
What does almost 1/2 a million dollars get for you here in San Diego you ask? A 3 bedroom, 2 bathroom 1304 sq ft single story on 7000 sq ft of land  Actually, things are slowing down in this market, similar houses were going for 480-500 back in May when everyone was trying to buy "before the rates go up" 
Oh well, at least the crappy jobs outlook today drove the intrest rates back down ! I should end up with a low 5 to high 4% rate on my first.
Yeah, my sister rents a place in Manhattan and her rent will be comparable to my mortgage. We all grew up in a little town (Ipswich) north of Boston, and somehow decided to find the most unaffordable places possible to live
97 Contour SE MTX
K&N 3530, UR UDP, 19# Injectors, mystery mod, FMS wires, Fordchip.com chip, SVT: TB, Flywheel, clutch, exhaust
04 Grand Caravan SXT
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Joined: Oct 2003
Posts: 637
Veteran CEG\'er
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Veteran CEG\'er
Joined: Oct 2003
Posts: 637 |
Congratulations, Scott! Enjoy your new home!
To those who think CA real estate is too expensive, or who think that high home prices are a reason for not living here, consider this:
In coastal California, a home is not just a place to live. It's also an investment. For millions of Californians over the past hundred years, homes have provided excellent returns on investment.
Example: I paid $184,000 for my house nine years ago. 1550 sq. ft., .2 acres, peek ocean view; typical CA suburban house. It is now worth about $675,000. This is not unusual here.
The low home prices in Texas and Indiana sound great. But keep in mind that the value of a $150k house in El Paso or Muncie may barely keep up with the general rate of inflation.
In coastal CA, the price of a home includes a world-class investment opportunity. Better yet, the investment is very nicely subsidized by the federal tax deduction for mortgage interest.
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Homes are a quasi-purchase of a place to live and a quasi-investment just about everywhere. I think it's more important to get a house you love to live in versus one that will appreciate. I would rather not have so much of my net worth tied into a home (I have more than I'd care for as it is!)
I know some people that made 50% on their townhome in about two years of ownership. They likely would have made another 20% since they sold it, considering what other like homes are selling for in that development.
Minneapolis is regularly considered an unaffordable city for homes... but a home like that, assuming it's a little old would go for the $180's to $200's depending on the suburb. It would be almost impossible to find a similar new home, as they would be much larger.
Indianapolis really tempted me... a 4 BR 2.5 BA house with approx 2600 square feet and a 3-car attached garage on a smallish but decent lot for under $160,000.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Jun 2000
Posts: 3,496
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jun 2000
Posts: 3,496 |
Originally posted by ScottK:
Well, I just signed the counter offer for a settled on purchase price of 459,000 dollars!!!
What does almost 1/2 a million dollars get for you here in San Diego you ask? A 3 bedroom, 2 bathroom 1304 sq ft single story on 7000 sq ft of land
Damn thats a bargain!
Same house here would go for $600- $650K Not a horrible lot size either at just over 80x80.
Congrats on the new house.
And to all the haters, were supposed to be in the upper 70's all week and its rained (OK, sprinkled) once since late May.
We dont need snow tires, or a winter beater, utilites are generally low as the AC/heat rarely gets used. Cars last forever due to the no-salt/sand/snow on the roads. Lots of costs other people have we dont.
Crowded yes, but lots of that is due to the urban growth boundaries that keep eveyone locked into a small amount of land. Driving 15 minutes outside of San Jose (population 940,000) gets you into the country and farming or the mountains and Ocean views.
The endless amount of land that you midwesterners and southerners have is called sprawl. LA did not plan well, but the Bay Area has and we have little of it. Just a tightly packed community.
Money doesn't always bring happiness. People with ten million dollars are no happier than people with nine million dollars ~ Hobart Brown
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Joined: May 2002
Posts: 21,653
I have no life
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I have no life
Joined: May 2002
Posts: 21,653 |
Wow, that house would be under $100k here and it would be brand new or close to it. And Fmr, I think south georgia has you beat as far as having less cost. We may use more a/c (but not much heat) but I believe our utilities cost less anyways.
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
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Joined: Jun 2000
Posts: 1,469
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jun 2000
Posts: 1,469 |
Originally posted by caltour:
In coastal California, a home is not just a place to live. It's also an investment. For millions of Californians over the past hundred years, homes have provided excellent returns on investment.
Homes are investments in MUCH of the country...not just Cali.
Housing market has been great last few years for sellers. Here in Richmond, Va. bought a 3600 Sq ft/0.5 acre home less than 1.5 years ago for $370,000 and a few weeks ago my neighbor next door (virtually same house as mine except he lacks the finished 3rd floor mine has + my lot is nicer) sold for $490,000. Base price on our home style is up $140,000 in same time frame...I am still in shock from hearing that!
Glad I kept the old car (SVT) and went for the new house instead of the other way around (something tells me the M3 I wanted back then would not have appreciated 37%!!).
1999 Amazon Green SVT Contour (#554/2760)
"People demand freedom of speech as a compensation for the freedom of thought which they seldom use."
-Soren Kierkegaard (as posted by Jato)
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